Bitcoin, the best known ‘digital money’ in the world, crossed a record high of 30 lakh rupees yesterday ($40,000). The cryptocurrency has been going from strength to strength through the past year, as the world nosedived into the uncertainty and economic pains of the pandemic. The question then arises: Is it time for the average Indian to consider investing in bitcoins?
“Bitcoin is slowly emerging as a mainstream investment class. Bitcoin is labeled as digital gold by many, and is also seen as more superior to gold in several respects,” says Nischal Shetty, CEO of WazirX, one of India’s leading cryptocurrency trading and exchange platforms. “As a smart investor, people in India want exposure to cryptocurrency based on their risk appetite and have diversity in their portfolio.”
https://www.theweek.in/news/biz-tech/2021/01/08/should-you-invest-in-bitcoin.html
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
